PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Kristen Burney
PMRG | PM Realty Group
(713) 209-5910
kburney@pmrg.com

FOR IMMEDIATE RELEASE

Dec 18, 2006

PM REALTY GROUP AWARDED EXCLUSIVE LEASING ASSIGNMENT FOR 309,705 SQUARE-FOOT CLASS A OFFICE PROJECT

MANHATTAN BEACH, CA - PM Realty Group (PMRG), a nationwide, full-service commercial real estate firm, has been awarded the exclusive leasing assignment for Manhattan Towers from Wells Real Estate Funds. The 309,705-square-foot, two-building, Class A office project is located at 1230 and 1240 Rosecrans Ave. in Manhattan Beach, Calif. 

PMRG's Manhattan Towers' team will be led by Chris Strickfaden, senior vice president and regional manager, and Mark Mattis, vice president of leasing. "Manhattan Towers offers an outstanding amenity base along Rosecrans Avenue and a prestigious suburban location in the El Segundo/ Manhattan Beach office market," Strickfaden noted. "These are highly marketable aspects in adding new occupants to what is already a strong tenant mix." 

Built in 1985, Manhattan Towers features contemporary concrete and glass exteriors, with most suites offering panoramic views of the surrounding cityscape. In addition to convenient surface parking, covered parking is available under the project with direct access to the buildings, Floor plates average 27,000 square feet. 

Now 97 percent occupied, Manhattan Towers boasts a solid lineup of corporate tenants, including Northrup Grumman, Vineyard Bank, and Beach Business Bank. According to Strickfaden, the property is considered one of the top office structures in Manhattan Beach and the submarket surrounding Los Angeles International Airport.   

About PM Realty Group

Headquartered in Houston, Texas, PM Realty Group (PMRG) is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.

PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.

Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com.